VIDEO: New home rush puts crunch on UBC student rentals
Student rentals are getting harder to come by in the closest off-campus neighbourhoods as older homes sitting on million-dollar plots are being torn down when the properties are sold.
Demographic shift on Vancouver's west side means income-helping rental suites are harder to find
The University of British Columbia has added hundreds of residence spots this year, but the new living spaces aren't doing much to offset the losses in nearby off-campus rentals on Vancouver's west side.
Suites, rooms, and houses for rent are getting harder to come by in the closest off-campus neighbourhoods, such as Dunbar and Point Grey, as older homes sitting on million-dollar plots are being torn down when the properties are sold.
The owners of the new homes don't seem to be as interested in renting to students, the CBC's Theresa Lalonde reports.